when an expense account is credited which of the following occurs? it is increased. it is decreased. there…
when an expense account is credited which of the following occurs? it is increased. it is decreased. there is no change.
Answer
Brief Explanations:
In accounting, expense accounts have a normal debit balance. When an account is credited, if it has a normal debit balance, the credit reduces its value. So crediting an expense account (which has a normal debit balance) decreases it.
Answer:
It is decreased.